Abuja - The June 30 deadline given by the Central Bank of Nigeria (CBN) for primary mortgage banks (PMBs) to recapitalize remains sacrosanct.
The apex bank has promised to release the names of PMBs that were able to cross the recapitalization hurdle after the expiration of the deadline, reports BusinessDay.
The CBN in a meeting with some mortgage operators in Abuja vowed not to change the June 30 deadline date.
The revised operational guidelines for the PMBs released by the CBN require the banks to raise their share capital from N100 million to N2.5 billion and N5 billion for regional and national operations.
Read more at BusinessDay.
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